NVIDIA Confirms Acquisition of Mellanox

On March 11, NVIDIA (NVDA) confirmed that the company would be acquiring Mellanox for $6.9 billion. This is NVIDIA’s largest acquisition to date, and they beat out a $6 billion bid made by Intel several months ago. Mellanox primarily manufactures chips used by servers in data centers and cloud storage as well high-performance supercomputers needed for AI and other data-intensive computing needs.

Sonal alerted subscribers about event at 7:00 am. The stock opened for the day at $151.56. NVIDIA’s stock price climbed throughout the day before closing at $161.14 with an event-day gain of 6.3%.

Disclaimer: There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Event Trading Technologies LLC and all individuals affiliated with this product, it’s sites (including rockettickers.com) assume no responsibilities for your trading and investment results. The signals, indicators, strategies, columns, articles and all other features are for educational purposes only and should not be construed as investment advice. Information for trading observations are obtained from sources believed to be reliable, but we do not warrant its completeness or accuracy, or warrant any results from the use of the information. The signals and information provided are created by computer algorithms and are not reviewed by any human. The signals and information that is delivered is not always accurate and should not be considered investment advice. Your use of the trading observations is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness of the information. You must assess the risk of any trade with your broker and make your own independent decisions regarding any securities mentioned

ddd

Not QuiteReady?

Let us send you a summary of the signals Sonal generates EVERY WEEK… and you can decide if you’re missing anything.